Telecom Italia rejects second Olivetti bid

Article Abstract:

Olivetti SpA has been rebuffed in its $58 billion hostile takeover bid for Telecom Italia SpA. Industry analysts have said that Telecom Italia had turned to Consab, the Italian stock market watchdog, for a second time to evaluate the acquisition offer. Olivetti has been attracting offers from telecom firms throughout the world for Telecom Italia's assets should its bid succeed.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Telephone services

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Olivetti, Telecom Italia fight heats up

Article Abstract:

Italian securities regulators ask computer and office machines giant Olivetti S.p.A. for details of its hostile merger offer to telecommunications giant Telecom Italia S.p.A. Both companies are locked in a merger fight that may require shareholders' approval about worth of Telecom Italia and how much controlling stock Olivetti wants.

Comment:

State regulators request more information about proposed Olivetti merger offer to Telecom Italia.

General services, Telecommunications, Office & Computing Machines, Merger Regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Office equipment, Office equipment and supplies industry, Office equipment industry, Laws, regulations and rules, Acquisitions and mergers, Economic policy, Corporation law

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